BULLION REPORT 6 JAN 2019

BULLION REPORT 6 JAN 2019

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Latest Updates
  • US Attack  air strike to Commander in chief of Iran vs IRAN revenge by attack on US Embassy as well as more place by blast in IRAQ
  • Islamic Militant attack in Kenya base camp of US & Kenya together forces on Sunday
  • IRAQI Parliament pass the resolution by voting to escalate all foreign troops or Foreign military o immediate basis to move out of Iraq
  • IRAN started its Uranium with its maximum capacity over and above the agreement to stop the same done in 2015 in UN.
  • Effect: All this effect on GOLD to one way move up till 1638$
    & 41600 in MCX. which is the open case of Buy.

Gold
 
Range: 41600-40600
 
Our Preference: Buy Gold near 40850 target 41600 SL 40650
(Due to heavy volume we had given high SL of 200 point)
Trading Stop Point: 41600 or 1638$ is a stop or relaxation point for Gold where it may move little bit down.
So for trading Purpose Gold sell 41600 target 41200 SL 41725

Momentum Call: Buy GOLD 41000 target 41200 SL 40950

 

Silver

Range: 48000-49250
Our Preference: Buy Silver 48200 target 49250 with SL 47900
Alternative Preference: Sell 49600(18.87 Comex SPOT) SL 49900 target 49000 
 
Silver will up with very low speed i compare to Gold
Because US-IRAN will have a high impact on GOLD as a safe heaven in compare to SILVER.
 
But Yes Silver has a positional 58000 target from the point of 44000 which we mention in previous.

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